Today, the CFO of Nutrisystem Inc (NASDAQ: NTRI), Michael P. Monahan, bought shares of NTRI for $131.2K.
Following this transaction Michael P. Monahan’s holding in the company was increased by 12.15% to a total of $2.17 million.
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Based on Nutrisystem Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $211 million and quarterly net profit of $2.78 million. In comparison, last year the company earned revenue of $195 million and had a net profit of $24.24 million. NTRI’s market cap is $1.18B and the company has a P/E ratio of 22.76. Currently, Nutrisystem Inc has an average volume of 650.4K.
Nine different firms, including B.Riley FBR and Barrington, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $46.50, reflecting a -14.8% downside.
Michael P. Monahan’s trades have generated a -17.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Nutrisystem, Inc. engages in the provision of weight management products and services. It offers weight loss programs sold primarily online and over the telephone and multi-day kits and single items available at select retail locations. It also provides pre-packaged food program, digital tools, and counseling.
